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VAT

VAT consulting services in dubai
VAT

How VAT Consulting Services Can Help You Avoid Tax Penalties 

Navigating the world of Value Added Tax (VAT) can be a daunting task for businesses, especially in regions with complex tax laws. Mistakes in VAT compliance can result in hefty penalties, fines, and even damage to your company’s reputation. This is where VAT consulting services come in – helping businesses stay on the right side of the law and avoid costly tax penalties.  1. Ensuring VAT Compliance  VAT is one of the most commonly used indirect taxes worldwide, and each country has its own set of rules regarding how it should be charged, reported, and paid. Whether your business is large or small, understanding the intricate VAT rules specific to your region is crucial to staying compliant.  A VAT consultant helps your business by providing expert guidance on all aspects of VAT, including:  By ensuring that your business complies with VAT regulations at every step, a VAT consultant minimizes the risk of non-compliance, which could otherwise lead to significant tax penalties.  2. Preventing Common VAT Errors  Even experienced businesses can make VAT-related mistakes. These errors may be as simple as failing to keep proper records or misapplying VAT on exempt or zero-rated goods and services. Common VAT mistakes include:  A VAT consultant’s expertise helps you avoid these common pitfalls. By reviewing your processes, ensuring you apply the correct VAT rates, and maintaining accurate records, VAT consultants help prevent errors that could lead to tax penalties.  3. Staying on Top of VAT Changes  VAT regulations are constantly evolving. Changes can be related to tax rates, new exemptions, and adjustments in VAT thresholds. For businesses operating in multiple jurisdictions, staying up-to-date with VAT laws in each region can be a significant challenge.  A VAT consultant stays informed about regulatory changes in real time. They ensure that your business adapts to these changes promptly and correctly. Whether it’s new VAT rules for digital services, updates on VAT exemptions, or cross-border VAT legislation changes, a VAT consultant ensures that your business remains compliant and avoids penalties related to outdated practices.  For example, if a government introduces new VAT filing deadlines or modifies the VAT treatment for certain goods, a VAT consultant can guide your business on the proper adjustments needed to avoid penalties.  4. Handling VAT Audits  A VAT audit is an investigation by tax authorities into a business’s financial records and VAT returns. The goal of the audit is to ensure that a business has complied with VAT laws and has paid the correct amount of VAT. During an audit, the tax authorities may ask for detailed records, receipts, and invoices.  A VAT consultant plays a critical role in preparing your business for a VAT audit by:  With a VAT consultant handling the audit preparation, your business is less likely to face penalties for non-compliance. Moreover, having expert support during an audit can help you address any discrepancies quickly, reducing the risk of severe penalties.  5. Optimizing VAT Recovery  VAT is a recoverable tax, meaning businesses can reclaim VAT paid on purchases, such as goods, services, and overhead costs. However, claiming VAT back can be a complex process, with certain rules and limitations that vary by region.  A VAT consultant helps ensure that your business is maximizing VAT recovery by:  By effectively managing VAT recovery, VAT consultants help your business maintain cash flow and avoid missed opportunities to reclaim VAT. They also ensure that you don’t overclaim VAT, which could lead to penalties.  6. Streamlining VAT Returns  Filing VAT returns is one of the most critical responsibilities for any VAT-registered business. However, it’s also one of the most complex. If you file returns late, inaccurately, or with errors, you could incur financial penalties and interest charges.  A VAT consultant simplifies the VAT return process by:  By delegating VAT return management to a consultant, you ensure that all returns are accurate and submitted on time, reducing the risk of penalties.  Conclusion  VAT consulting services are not just for large corporations—they’re essential for businesses of all sizes to avoid the risk of tax penalties and ensure long-term compliance with VAT laws. Whether you’re dealing with VAT registration, filing returns, managing audits, or recovering VAT, a VAT consultant’s expertise will help guide your business through complex tax regulations and avoid costly mistakes.  Partnering with an expert VAT consultant like Maats – one of the leading VAT advisory firms in the UAE – ensures your business maintains full compliance while optimizing tax efficiency. With Maats’ specialized expertise, you’ll minimize penalty risks, streamline VAT processes, and navigate the complex tax landscape with confidence. Their proactive approach not only safeguards your business from regulatory pitfalls but also identifies savings opportunities, giving you peace of mind knowing your VAT matters are handled by true professionals. By choosing Maats, you’re investing in both compliance and strategic financial advantage.

UAE Vat implication on cryptocurrency
VAT

UAE VAT Implications on Cryptocurrency Mining

The growing popularity of cryptocurrency mining has brought about complex tax implications, especially concerning Value Added Tax (VAT) in the UAE. In response, the Federal Tax Authority (FTA) released VAT Public Clarification VATP039 in January 2025, offering guidance on how VAT applies to crypto mining operations. This clarification is crucial for both businesses and individuals engaged in mining activities, as it outlines the conditions under which VAT may be charged or recovered. Understanding these guidelines helps ensure compliance with UAE tax laws and avoids potential penalties, making it essential for crypto miners to stay informed and updated on VAT rules.  How Does UAE VAT Treat Cryptocurrency Mining?  Mining for Personal Use  When an individual or business mines cryptocurrency solely for personal use and not as a service to others, the activity is not regarded as a taxable supply under UAE VAT regulations. As a result, any rewards earned from such mining activities are not subject to VAT. However, since the mining is not considered a taxable supply, the individual or business is generally not entitled to recover input VAT incurred on related expenses, such as electricity, equipment, or other operational costs associated with the mining activity.  Mining as a Service (Taxable Supply)  When cryptocurrency mining is carried out for a fee on behalf of others, it is considered a taxable service under UAE VAT regulations. In such cases, the standard VAT rate of 5% applies, unless the service meets specific conditions for zero-rating—such as when it is provided to a non-resident who qualifies under the applicable rules. Businesses engaged in fee-based mining must account for VAT on the services rendered. However, if they are VAT-registered, they are generally entitled to recover input VAT incurred on expenses directly related to the mining activity, including costs such as equipment, utilities, and operational services.  Cross-Border Mining Services  If a UAE-based business receives cryptocurrency mining services from a non-resident supplier, the reverse charge mechanism applies. This means the UAE business must self-account for VAT on the imported service, provided it is VAT-registered. However, if the UAE customer is not registered for VAT, the responsibility shifts to the foreign supplier, who must register for VAT in the UAE and charge the applicable VAT on the service. This ensures that VAT is properly accounted for, regardless of the supplier’s location.  Key Considerations for Businesses  Businesses involved in cryptocurrency mining must carefully evaluate their VAT obligations under UAE law. One of the primary considerations is VAT registration. If a business provides mining services and its annual turnover exceeds the mandatory registration threshold of AED 375,000, it is required to register for VAT with the Federal Tax Authority. Failing to register on time can lead to penalties and compliance issues. It’s essential for service providers to monitor their turnover regularly and assess whether they meet or are approaching this threshold.  Another important aspect is input tax recovery. Only businesses that are engaged in providing taxable mining services—such as mining performed for a fee—are eligible to recover VAT on their related expenses, including costs like electricity, equipment, and infrastructure.   Additionally, maintaining proper documentation is critical for VAT compliance. Businesses must issue valid tax invoices, keep detailed records of all transactions, and ensure accurate VAT reporting in their tax returns. Proper compliance not only helps avoid fines but also ensures smooth operations and better financial planning within the regulatory framework set by the UAE tax authorities.  Final Thoughts Navigating the complexities of UAE VAT regulations related to cryptocurrency mining requires in-depth knowledge and professional expertise. We specialize in providing tailored VAT advisory services to crypto businesses. Whether you’re mining for personal use or offering mining services for a fee, our experts help you understand your tax obligations and ensure compliance with the latest FTA guidelines.  We assist businesses in managing FTA audits, responding to clarifications, and preparing accurate VAT documentation. Our team also offers strategic tax planning to help minimize liabilities and maximize input tax recovery, ensuring your operations remain efficient and compliant. From registration support to ongoing VAT return filing, we offer end-to-end assistance designed for the dynamic crypto sector.  As regulations continue to develop, staying ahead with proactive tax planning is essential. Let us help you simplify your VAT responsibilities—book a free consultation today and take the first step toward confident compliance. 

the importance of VAT compliance in UAE
VAT

The Importance of VAT Compliance in the UAE: A Guide for Businesses 

For businesses operating in the United Arab Emirates (UAE), Value Added Tax (VAT) compliance is not just a legal obligation—it is a critical component of financial management. Proper VAT bookkeeping ensures adherence to Federal Tax Authority (FTA) regulations, minimizes risks, and optimizes tax efficiency.  At Maats Auditors and Consultants, we understand the complexities of VAT compliance and the challenges businesses face in maintaining accurate records. This guide provides a structured approach to VAT bookkeeping, tax management, and compliance, helping businesses avoid penalties and streamline their financial operations.  VAT in the UAE: Key Requirements  Introduced on January 1, 2018, VAT in the UAE is imposed at a standard rate of 5% on most goods and services. Businesses meeting certain thresholds must comply with registration, invoicing, and reporting requirements.  1. VAT Registration  2. Record-Keeping Obligations  The Federal Tax Authority (FTA) requires businesses in the UAE to maintain comprehensive financial records for a minimum of five years. These records must include sales and purchase invoices, credit and debit notes, import and export documentation, as well as detailed accounting records that reflect income, expenses, and VAT liabilities. Maintaining accurate and complete documentation is essential for ensuring compliance and facilitating smooth audits or tax reviews.  3. Filing VAT Returns  VAT returns are typically filed quarterly, with deadlines falling on the 28th day following the end of the tax period. Late submissions can result in penalties.  4. VAT-Compliant Invoicing  To comply with VAT regulations in the UAE, invoices must include specific details such as the supplier’s Tax Registration Number (TRN), customer details (if the customer is VAT-registered), a clear breakdown of VAT-exclusive and VAT-inclusive amounts, and an accurate description of the goods or services provided. Including this information ensures the invoice meets Federal Tax Authority (FTA) standards and supports proper tax reporting.  5. Special VAT Considerations  Why Proper VAT Bookkeeping Matters  1. Ensures Legal Compliance  Accurate bookkeeping prevents non-compliance penalties, including fines for late filings or incorrect submissions.  2. Enhances Financial Transparency  A well-maintained VAT system provides clarity on tax liabilities and refund opportunities, aiding financial planning.  3. Simplifies VAT Return Filing  Organized records reduce errors and streamline the VAT return process, saving time and effort.  4. Minimizes Audit Risks  Proper documentation ensures businesses are audit-ready, reducing the risk of disputes with the FTA.  Steps for Effective VAT Bookkeeping  Implementing a reliable bookkeeping system is essential for effective VAT management. Businesses can opt for manual bookkeeping, which may be suitable for smaller operations, or adopt accounting software such as QuickBooks, Xero, or Zoho Books to automate VAT calculations and invoicing. Cloud-based solutions are particularly advantageous, offering real-time updates, enhanced scalability, and improved compliance with evolving tax regulations in the UAE.  1. Track VAT on Sales and Purchases  2. Categorize VAT Rates Correctly  Misclassification can lead to incorrect VAT filings and potential penalties.  4. Prepare and Submit VAT Returns Accurately  5. Maintain Audit-Ready Records  Common VAT Bookkeeping Mistakes to Avoid  Navigating VAT compliance requires expertise and precision. At Maats Auditors and Consultants, we offer:   Our team ensures your business remains compliant while optimizing tax efficiency.  Final Thoughts  VAT compliance is a strategic necessity for UAE businesses. By implementing structured bookkeeping practices, companies can avoid penalties, improve financial transparency, and focus on growth.   For expert guidance on VAT bookkeeping, tax compliance, and audit support, partner with Maats Auditors and Consultants. Let us handle the complexities while you concentrate on achieving your business goals.   Contact us today for a consultation! 

VAT on Barter Transaction in the UAE
VAT

Understanding VAT on Barter Transactions in the UAE: What Every Business Should Know

Barter transactions—where goods or services are exchanged without monetary payment—are common in business. However, for VAT purposes in the UAE, these transactions must be carefully evaluated to ensure compliance. The Federal Tax Authority (FTA) has issued a Public Clarification outlining how barter transactions should be treated under VAT.  This blog explains the key rules, valuation methods, and invoicing requirements for barter transactions in the UAE.  Barter Transaction  A barter transaction occurs when two parties exchange goods or services without involving money (or with partial monetary payment). For VAT purposes, such transactions are treated as two separate supplies—each party is both a supplier and a recipient.  VAT Treatment of Barter Transactions  The VAT treatment remains the same as for cash transactions. The supply can be:  Each party must assess the VAT treatment of what they are supplying.  How to Value Barter Transactions for VAT?  In barter transactions, the value of supply for VAT purposes is determined based on the market value of the goods or services received. The UAE Federal Tax Authority (FTA) provides clear guidelines on how businesses should calculate this value, depending on whether the consideration is entirely non-monetary or a mix of cash and goods/services.  1. Pure Barter (Non-Monetary Consideration Only)  When a transaction involves only an exchange of goods or services without any cash component, the taxable value is based on the market value of what is received. Importantly, this value must exclude VAT.  For example, if a graphic designer provides branding services worth AED 10,000 to a restaurant in exchange for a dining package of the same value, the designer must calculate VAT on the net value of the services. Since the AED 10,000 is inclusive of VAT, the taxable amount is AED 9,523.81 (AED 10,000 ÷ 1.05), with AED 476.19 being the VAT due. Similarly, the restaurant must account for VAT on the dining package provided, following the same valuation method.  2. Mixed Consideration (Partial Cash + Non-Monetary)  If a transaction includes both monetary and non-monetary elements, the taxable value is the sum of the cash received plus the market value of the goods or services exchanged, excluding VAT.  For instance, consider a social media influencer who provides marketing services worth AED 1,000 to a hotel and receives AED 700 in cash plus a stay voucher worth AED 300. The total consideration is AED 1,000, which is treated as inclusive of VAT. Therefore, the taxable value is AED 1,000, and the VAT due is AED 47.62 (AED 1,000 × 5/105). The influencer must report this amount in their VAT return, while the hotel must account for VAT on the stay voucher provided.  These valuation rules ensure that businesses correctly report VAT liabilities, even when transactions do not involve full cash payments. Proper documentation, including tax invoices reflecting the market value of exchanged goods/services, is essential for compliance  3. How to Determine Market Value?  The FTA provides a hierarchy for valuation:  Tax Invoicing Requirements for Barter Transactions  In the UAE, if both parties involved in a barter transaction are VAT-registered and the supplies exchanged are taxable, they are each required to issue tax invoices. This holds true even if the transaction does not involve a full monetary exchange. Proper invoicing ensures VAT compliance and accurate reporting to the Federal Tax Authority (FTA).  Example: Accounting Firm & Furniture Dealer  Consider a scenario where a furniture dealer provides furniture worth AED 45,000 (inclusive of VAT) to an accounting firm. In return, the accounting firm compensates with AED 30,000 in cash and AED 15,000 worth of accounting services. This transaction is treated as two separate supplies, and both parties must account for VAT accordingly.  The furniture dealer issues a tax invoice reflecting a net value of AED 42,857.14 and 5% VAT of AED 2,142.86, bringing the total consideration to AED 45,000. Similarly, the accounting firm must issue its own invoice for the services rendered. This invoice would show a net value of AED 14,285.71, with 5% VAT of AED 714.29, totaling AED 15,000.  Each party is required to issue and retain their respective invoices as part of their VAT records. This ensures transparency and accurate tax reporting, even when no full cash payment is involved.  Key Takeaways for Businesses  Barter transactions are fully taxable under UAE VAT law and must be treated just like regular cash transactions. The taxable value is based on the fair market value of the goods or services provided, in line with the FTA’s valuation guidelines. Importantly, tax invoices must be issued by both parties, even if the transaction involves no or partial monetary consideration. This documentation is essential for VAT compliance and audit readiness.  Final Thoughts  Barter transactions can be beneficial for businesses, but VAT compliance is crucial. By following the FTA’s guidelines on valuation and invoicing, companies can avoid penalties and ensure smooth transactions.  If your business engages in barter deals, consult Maats Auditors and Consultant to ensure proper compliance.  Need help with VAT on barter transactions? Contact us today!

VAT filing
VAT

What Happens If You Don’t File VAT on Time?

Value Added Tax (VAT) is a crucial part of the financial system in Dubai and across the UAE. Businesses registered for VAT are required to file their returns on time as per the guidelines set by the Federal Tax Authority (FTA). Failure to comply can lead to severe consequences, including fines, penalties, and even legal action. VAT Filing in Dubai VAT was introduced in the UAE on January 1, 2018, with a standard rate of 5%. All taxable businesses must file VAT returns periodically, typically every quarter, unless they are required to file monthly. The VAT return submission and payment deadline is usually 28 days after the end of the tax period. If a business fails to file or pay VAT on time, it faces penalties and other legal consequences imposed by the FTA. Consequences of Late VAT Filing 1. Financial Penalties One of the most immediate consequences of missing the VAT filing deadline is financial penalties. The UAE’s tax laws are strict, and businesses are expected to comply to avoid significant fines. The penalties for late VAT filing are as follows: AED 1,000 for the first offense AED 2,000 for a repeated offense within 24 months Late payment penalty: If the VAT due is not paid by the deadline, an additional penalty of 2% of the unpaid tax is applied immediately. Additional penalties: 4% per month on any unpaid tax amount after one month from the due date. Up to 300% cumulative penalty if non-compliance continues over time. 2. Business Disruptions Late VAT filing can disrupt business operations. The FTA may flag non-compliant businesses, leading to increased scrutiny and audits. This can affect the company’s reputation and may result in additional financial burdens due to increased administrative and legal costs. 3. Legal Consequences Consistent non-compliance with VAT regulations can lead to further legal actions, including business license suspension or restrictions on conducting trade within the UAE. In severe cases, authorities may take legal action against the company’s directors or owners. 4. VAT Refund Delays If a company is eligible for a VAT refund, failing to file returns on time can delay the refund process. Businesses rely on these refunds for cash flow management, and any delay can create financial strain. 5. Increased Risk of Audits Companies with a history of late VAT filings or non-compliance are more likely to be audited by the FTA. Tax audits can be time-consuming, costly, and may lead to further fines if discrepancies are found. How to Avoid Late VAT Filing To prevent unnecessary fines and disruptions, businesses should implement best practices for VAT compliance: 1. Mark Important Deadlines Ensure that you are aware of your VAT filing deadlines and set reminders well in advance. Missing deadlines due to oversight is a common mistake that can be avoided with proper planning. 2. Maintain Accurate Records VAT filing requires accurate financial records, including invoices, purchase receipts, and tax calculations. Keeping these documents organized will make the filing process smoother and reduce errors. 3. Automate VAT Calculations Using VAT-compliant accounting software can help businesses automate VAT calculations, reducing the risk of errors and ensuring timely submission. 4. Work with a VAT Consultant Hiring a professional tax consultant can help businesses stay compliant with VAT regulations. Consultants provide expert advice, handle VAT filing, and ensure that all returns are submitted on time. 5. Plan for VAT Payments Ensure that you have sufficient funds set aside to pay your VAT liability on time. Delayed payments not only attract penalties but also affect cash flow and business operations. Final Thoughts Timely VAT filing is not only a regulatory requirement but also a critical factor in maintaining a strong financial position in the UAE. Late submissions can result in significant penalties, business disruptions, and legal complications. By staying organized, leveraging technology, and seeking expert advice, businesses can ensure compliance and prevent unnecessary financial strain. Maats Accountants and Consultants will help you with hassle-free VAT filing in Dubai, ensuring that you stay on track and avoid penalties. With our professional guidance, you can focus on running your business while we take care of your VAT compliance. Compliance is the cornerstone of a successful business in the UAE!

Emaratax in UAE, Maats consultants
VAT

Launching EmaraTax In UAE

The Federal Tax Authority of UAE is to launch EmaraTax, a new integrated platform on 5 December 2022 to further digitalise tax administration and provide a better experience for taxpayers in managing their tax obligations. EmaraTax in UAE will be a major milestone in the tax system which is being launched after a series of assessments and consultations. The move to EmaraTax in UAE will start from Wednesday 30 November, end of the day and will be available for use on 5 December.   A New and Better Tax Platform EmaraTax in UAE will enhance the ability to administer taxes better and enable taxpayers to manage taxes in a simple, faster and transparent way. As a new tax platform, EmaraTax in UAE will integrate with important government entities; the UAE Central Bank and national technology-based programs including UAE PASS to update user experience. This coincides with the national digital agenda to utilize emerging technologies to build a solid digital infrastructure that helps individuals and the business community of the UAE. EmaraTax is easy to navigate and offers self-help options and assistance. EmaraTax in UAE will soon be available on mobile as well. The key features of EmaraTax are: Enhanced user experience Integrated user services Aligned to the UAE digital strategy Smart app   Easy To Use, Easy to Administer EmaraTax in UAE is to improve the users’ accessibility to FTA’s services, tax payments and obtain refunds. The new online platform also improves FTA’s ability to administer taxes with better, faster decision-making and earlier engagement with taxpayers. This integrated platform will not only help taxpayers but tax agents, legal representatives, foreign missions and diplomats, customs bodies and verification agencies. Once live, taxpayers will benefit from the upgraded and feature-rich online platform designed to revolutionise the way taxes are being managed. Also, the FTA will continue to launch additional services and features in phases, including an EmaraTax application for mobile phones. The FTA is dedicated to ensuring every taxpayer has an opportunity to understand the key features of EmaraTax in UAE. Taxpayers can join one of the daily EmaraTax in UAE webinars organized by the FTA in November to share details of EmaraTax. FTA has also launched a microsite with information about using EmaraTax, educational videos and FAQs. Important information about EmaraTax will be sent directly to taxpayers via email as well. FTA will be releasing more information about the features of EmaraTax and how the UAE is planning a transition to the new system. Some Key Facts About UAE Emaratax 300+ users involved in designing the services 60% re-engineering processes, i.e., 180 processes rebuilt from the ground up 199 services online – 84 more than the current platform offering an innovative user experience 12 new integrations with external systems enabling a range of new and easy functionalities   FTA has consistently improved its services to simplify taxation processes. In April, FTA launched a ‘whistle-blower’ programme to prevent tax violations and evasion. The whistle-blower programme allows FTA to receive reports from individuals on cases of tax evasion, tax-related fraud and violations of tax rules. The reports are verified by FTA authorities and monetary rewards are granted to the informants when certain conditions are met. In September, a paperless tax refund system was introduced by the UAE government for tourists visiting the country, eliminating the need to retain receipts. Through this initiative, electronic invoices were generated that allow visitors to claim VAT refunds.

VAT penalty reconsideration UAE
VAT

All you need to know about VAT penalty reconsideration in UAE

The Federal Tax Authority is the regulatory body in the UAE in charge of the VAT laws and to collect the taxes and penalties on behalf of the government. The business firms and entrepreneurs are responsible to be aware of the tax laws of the country in order to ensure the smooth running of the company. If a business entity fails to follow the tax laws issued by the Federal Tax Authority, they will need to pay the fines and taxes. Tax payments and penalties decided by the FTA, as per the current tax laws, are to be mandatorily paid by the business entity. But there are instances where in a VAT registrant or a taxpayer disagree with the decisions of the FTA, they can apply for a VAT reconsideration.   UAE VAT Penalty Reconsideration The taxpayer who received a penalty from the Federal Tax Authority can apply for a VAT penalty reconsideration in the UAE for the review of the authority. It should be submitted within the 20 business days after receiving the penalty. The authority will review the decision and will remove the penalties if the taxpayer could prove his stand through the UAE VAT reconsideration. It actually gives an opportunity for a taxpayer to appeal for the review of the decision made by FTA.   Process of applying for the UAE VAT Penalty Reconsideration The VAT penalty reconsideration can be submitted through online. VAT reconsideration form is available on the website of the Federal Tax Authority. The concerned business entity can submit their application through the website and should provide the supporting details in Arabic only, English will not be acceptable in such cases.   Documents required to submit the VAT Penalty Reconsideration When a taxpayer is not convinced with the decisions taken by the FTA, taxable person can submit their request for the VAT reconsideration. The VAT reconsideration forms can be submitted by the tax registrant, non-registrant or by a tax agent and this submission must be supported by strong evidence and relevant documents to prove why a penalty should not be imposed on them.   The following are the documents required for the submission of UAE VAT reconsideration; The certificate of VAT registration Emirates ID Passport copy Proof of authorization Formal letter of case study explaining the reasons along with supporting documentation with legal references Date and amount of penalty, registered mobile number and memorandum of association are some of the important details which should provide along with the above-mentioned documents. FTA will respond within the 40 business days. And they will request for additional information for incomplete information. And the response from FTA after the re-submission of application will also take up to 40 business days.   How MAATS can help your business? As part of making an appeal for the reconsideration of penalties, a notice has to send. It should be done within 20 days from the date of notice or letter issued by FTA informing about the penalty amount which should be paid. The appeal should be written in Arabic and should send within 20 days itself, late applications can be rejected. Approaching a tax consultancy to ensure the timely reconsideration process is inevitable. Our experts in MAATS have years of experience in tax consultancy services and will make you experience the ease of procedure in the VAT reconsideration processes. MAATS assisting clients for all their VAT penalty reconsideration processes from the submission of the application to the final discussion with the FTA representatives. We continue to help our clients to be VAT compliant and offering a wide range of VAT related services for companies across the UAE.

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